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In April 2024, I entered into an agreement with Abu Hateem Dr. Munir Ahmad, who represented himself as the investment arm for the Royal Office of H.H. Sheikh Abdulhakim Obaid Suhail Buti Al Maktoum as Chairman of Aspire World Investment. We signed a Memorandum of Understanding (MOU) for a $20,000,000 loan.
On May 6, 2024, I was informed by Dr. Munir's office that a sum of $55,000 USD, representing 50% of the legal fees required to finalize the agreement would be needed to fund the loan. I wired these funds to the bank account of ABDULHAKIM ALMAKTOUM INVESTMENTS through a company named APEX Auditing. For the wire, the credentials of Sheikh Maktoum were provided to include the Sheikh's address and date of birth for the funds sent to Apex Auditing Firm a Dubai based business. The full amount for legal fees was said to be $110,000, with the remaining half covered by Dr. Munir.
Subsequently, on September 6, 2024, I was informed that a life insurance policy for $20,000,000 would be necessary to secure the loan, at a cost of $160,000. I was asked to contribute $80,000 towards this policy, again half, with Dr. Munir funding the balance with a commitment that the deal would close within 3-5 business days of the payment. It is now obvious that this is a part of the scam.
Despite complying with their financial requests in good faith, there have been continuous delays and excuses, and to date, the loan has not been finalized nor do I believe he ever intended on. When messaging Dr. Munir and his team, I am constantly being reassured that the loan will close. This raised significant concerns about the integrity of the process and the actions of Dr. Munir's and his office in handling these dealings. It appears that the representatives involved are not acting in a manner consistent with the trust and reputation associated with what I led to believe was a representative of the Sheikh.
Others involved in this scam are Bhavana Agarkar, Mahesh Agarkar and Mohit Patil all from India.
Claimed loss: $200,000 USD
Desired outcome: A full refund of all the money have I have invested to include the funds to establish and entity, travel, and funds wired as well as to see everyone involved with this scam punished under the fullest extent of Dubai laws.
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